state insurance

yeah it is exempt under sec 10(10d) but subject to following
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Section 10D of the Income Tax Act - What You Must Know
20th Dec 201754,643Section 10D of the Income Tax Act - What You Must KnowLife insurance is not only beneficial to provide a financially secure future for your family but also helps to save money through income tax exemptions. Under section 80C of the Income Tax Act, 1961, the life insurance premiums that you pay during any financial year are exempted from your taxable income up to a maximum of INR 1.5 lakh. Most individuals are aware of the benefits available under section 80C. However, tax benefits are also available under section 10(10D) of the Income Tax Act, 1961. Any income received from your life insurance policy is exempted from income tax under this section. This exemption is available for all types of life insurance policy payouts, without any upper limit and including bonuses and surrender value too.INVEST IN TERM INSURANCE NOWHowever, to enjoy tax savings under section 10(10D), the payout should fulfill the following criteria.Benefit must be death payout
The benefit received is not for a policy issued under section 80DD (3) of the Income Tax Act, 1961.
The payout received should not be available under Keyman Insurance Policy
It must not be an annuity or pension plan payout
Benefit is not received under an employer-sponsored group life insurance scheme
The insurance premium paid during any year must not exceed 20% of the sum assured for policies purchased between 1st April 2003 and 30thApril 2012
If the policy is purchased after 30thApril 2012, the premium amount should not be more than10% of the sum assured
The insurance premium payable during any years should not exceed 15% of the sum assured for the policy. The same must be purchased on or after1stApril 2013, and the insurance must be for the life of any person, who is:
An individual with a disability or severe disability as per the section 80U of the Income Tax Act, 1961
Having any disease or ailment as specified in the rules under section 80DDB of the Income Tax Act, 1961

insurance amount received on death of the insured is exempted. state insurance? but not on amounts received on account of medical insurance